40062, Saint Francis, KY

The Saint Francis, KY zip code of 40062 has a median home value of $119,000. This is significantly lower than the Kentucky state median home value of $174,900. The 40062 zip code also has a lower than average percentage of homeowners with a mortgage at 66%. This indicates that more homeowners in the 40062 zip code are able to borrow against their homes equity than in other parts of Kentucky.

Despite these lower home values and mortgage rates, the Saint Francis, KY zip code still experiences high levels of demand for homes. In fact, according to Zillow’s recent report on housing markets across the United States, Saint Francis is one of the most active housing markets in Kentucky. This demand is likely due to several factors:

1) The low unemployment rate in Saint Francis – currently at 3.5% – means that there are plenty of jobs available for people looking to buy a home.

2) The low cost of living in Saint Francis – including housing prices and utilities – means that even people who don’t have a lot of money can afford to live here.

3) The abundance of amenities and attractions in Saint Francis – including restaurants, shopping centers, and recreational opportunities – makes it an attractive place to live.